Turtle

Price Structure Trap Pattern

The Turtle is a strategy based on a price structure trap pattern that tends to trap mostly sellers, potentially offering a swift and extended move to the upside once it begins.

The Turtle emphasizes the importance of implementing patience by stalking trades while the pattern is unfolding.

Example of the Turtle pattern.

The "TURTLE FEET" is the area where new sellers may get trapped in short positions.

As price rises to form the "TURTLE SHELL" trapping both new buyers and new sellers, causing confusion as price whipsaws up and down. As the shell pattern unfolds, more short term sellers entering the market likely place their stop losses just above the shell area.

Example of the Turtle Strategy in Action

As price slowly grinds towards the "TURTLE FEET" location, new buyers may enter and the sellers near the "TURTLE FEET" likely close their positions at a loss, adding to the buying pressure. Sellers that hold their position hoping for a continuation down begin to feel the squeeze as the "TURTLE NECK" is the first swift movement in price we need to wait for, to confirm the pattern.


Examples

STUDY: Can you label all four features of this Turtle pattern without referring to the labeled diagram?

Since the Turtle is strictly a price structure pattern, you may want to be on the lookout other signs of confluence at various stages of the pattern:

STUDY: A Turtle pattern appears on NQ futures.

Video Tutorials: Turtle

WATCH: This short video explains the Turtle strategy.
WATCH: Vinny E. Mini teaches and explains the Turtle strategy in this video tutorial.

Try AlgoBox™ for free - No credit card required, no obligation, no gimmicks.

Disclaimer

Last updated